Information about the Scheme:

The Mukhya Mantri Krishak Udyami Yojana. the Department of Micro, Small & Medium Enterprises, Madhya Pradesh government gives loans up to ₹ 50,000 to ₹10,00,000 for financial assistance to the sons and daughters of farmers to establish their businesses. economically weak farmers will be able to become self-reliant by setting up their businesses and their weak economic condition will not become a hindrance to their progress.
Under this, 15% of the capital cost will be provided to the general category, and 20% of the capital cost will be provided to the BPL(Below Poverty Line) category. So that the citizens of the state will be inspired to establish their businesses. Through this scheme, the unemployment rate in the state will decline.

Benefits:

For projects worth Rs 10 lakh or more:
For general class 15% (maximum ₹12,00,000)
For BPL category 20% (maximum ₹18, 00, 000)
For women entrepreneurs, a 6% and male 5% interest subsidy
The guarantee fee will be payable at the prevailing rate for a maximum of 7 years.
For projects less than Rs 10 lakh: 15% of the project cost (maximum ₹1,00,000 ) for the general category.
BPL/ scheduled caste / scheduled 30% of the project cost (maximum ₹2,00,000) for Tribes / Other Backward Classes (except creamy layer) / Women / Minorities / Disabled.
Additional provisions: 30% of the project cost (maximum ₹3,00,000) to the liberated nomadic and semi-nomadic tribes.
Bhopal Gas victim family members are eligible for an additional 20% (maximum ₹1,00,000) on the project cost.
At the rate of 5% per annum of the capital cost for projects of ₹10,00,000 or more and at the rate of 6 % per annum for women entrepreneurs, for a maximum of 7 years. (Maximum ₹5,00,000 per annum)
For projects less than ₹10,00,000 5% of the project cost per annum rate and 6% for women entrepreneurs At the rate of per annum, for a maximum of 7 years. (Maximum ₹ 25,000 per annum)

Eligibility Criteria for Availing the Benefits:

1. Age: 18 to 45 years.
2. Educational Qualification: 10th pass.
3. Additional Criteria:
   The applicant should be a permanent resident of Madhya Pradesh.
   The parents of the beneficiary should not have their agricultural land.
   The applicant should not be an income taxpayer.

Exclusions:

1. If the applicant is getting assistance under any other self-employment scheme, then he cannot avail of benefits under this scheme.
2. The applicant’s family should not be an income taxpayer.
3. The applicant should not be a defaulter of any bank.

Procedure to Avail the Benefits of the Scheme:

• Online
  
  1. Step 1: Visit the official website using the provided link
  2. Step 2: The homepage will appear, and you need to click on the application link for the Mukhya Mantri Krishak Udyami Yojana
  3. Step 3: Various departments associated with the scheme will be displayed. Choose the department that interests you
  4. Step 4: Choose the option for registration or sign-up if you are a new application. Click the submit button after entering your name, mobile number, password, and captcha code
  5. Step 5: After submitting, you will be registered on the portal
  6. Step 6: Now, you can log in to the portal and apply for the scheme.
• Offline
  
  1. Step 1: The Applicant can apply for the Madhya Pradesh Mukhya Mantri Krishak Udyami Yojana by Filling Offline Application Form .
  2. Step 2: Offline application form is available at the Farmer Welfare Department /District Trade and Industry Centre Office.
  3. Step 3: Take the application Form, Fill it Correctly,
  4. Step 4:Attach all the required documents with the application form and submit the Madhya Pradesh Mukhya Mantri Krishna Udyami Yojana Offline Application Form along with all documents to the Department of Farmer Welfare/District Trade and Industry Centre.
  5. Step 5:Received Application Forms along with the documents will be verified by the Department Officers.
  6. Step 6: After the verification, the applicant will start getting the benefits of the Scheme.

Documents Required:

1. Aadhar Card
2. PAN Card
3. Birth certificate
4. BPL certificate
5. Land farming paper
6. Income certificate
7. Address proof
8. Passport size photo
9. Mobile number
10. 10th class mark sheet

Source: https://www.myscheme.gov.in/schemes/mkuy